Category: Rivulet
Centre appoints two part-time members at NFRA
The Corporate Affairs Ministry (MCA) has appointed Sanjay Kallapur and Professor R Narayanaswamy as part-time members of the audit regulator National Financial Reporting Authority (NFRA). Both have been appointed for a period of three years, according to an MCA order. Kallapur is currently a Professor of Accounting at the Indian School of Business at Hyderabad….
Groww posts profit of ₹449 cr in FY23, revenue at ₹1,277 cr
Groww’s market share stood at 20.35 per cent, closely followed by Zerodha at 19.9 per cent 25 October, 2023. Financial services platform Groww turned profitable in the financial year ended 2023 and has reported a net profit of ₹448.7 crore in FY23 against a net loss of ₹239 crore in the previous fiscal according to…
Govt strengthens norms for insolvent airlines’ aircraft, equipment recovery
Legal bigwigs are touting the move to help India regain its position with the AWG The Ministry of Corporate Affairs has issued a notification stating that certain provisions of the Insolvency and Bankruptcy Code (IBC) will no longer apply to aircraft, their engines, airframes, and helicopters. This development is expected to have a significant impact…
Corporate Affairs Ministry to revamp company law rules
MCA to shape its rules in harmony with FM’s Budget vision The Corporate Affairs Ministry (MCA) plans to revamp its company law rules, and seek public input in alignment with the Finance Minister’s Budget announcement this year. The initiative aims to improve regulation in the areas overseen by MCA and simplify compliance. The MCA intends…